Will OceanaGold Corporation Go Down Anytime Soon?

November 8, 2016November 8, 2016Peter Erickson

The stock of OceanaGold Corporation (TSE:OGC) is a huge mover today! About 374,540 shares traded hands. OceanaGold Corporation (TSE:OGC) has risen 12.43% since April 1, 2016 and is uptrending. It has outperformed by 10.47% the S&P500.
The move comes after 8 months positive chart setup for the $2.36B company. It was reported on Nov, 8 by Barchart.com. We have $6.42 PT which if reached, will make TSE:OGC worth $1.56 billion more.

OceanaGold Corporation (TSE:OGC) Ratings Coverage

Out of 8 analysts covering Oceanagold Corporation (TSE:OGC), 3 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 38% are positive. $6.50 is the highest target while $2 is the lowest. The $4.69 average target is 21.19% above today’s ($3.87) stock price. Oceanagold Corporation has been the topic of 27 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by Raymond James given on Monday, October 5. RBC Capital Markets maintained the shares of OGC in a report on Friday, October 28 with “Outperform” rating. The firm earned “Outperform” rating on Monday, October 5 by National Bank Canada. The stock of OceanaGold Corporation (TSE:OGC) has “Underperform” rating given on Tuesday, September 1 by BMO Capital Markets. The rating was upgraded by RBC Capital Markets to “Overweight” on Monday, October 17. The firm earned “Outperform” rating on Friday, October 28 by Scotia Capital. The rating was maintained by Scotia Capital with “Sector Perform” on Wednesday, June 8. The company was maintained on Wednesday, October 19 by OceanaGold Corporation. The rating was downgraded by National Bank Canada to “Sector Perform” on Friday, February 19. The stock has “Sector Perform” rating given by Scotia Capital on Tuesday, September 1.

OceanaGold Corporation is an Australia gold mining and exploration company. The company has a market cap of $2.36 billion. The Firm is engaged in the production of gold. It has a 15.32 P/E ratio. The Firm operates through three divisions: New Zealand, the Philippines and the USA.